Optimal Balanced Growth of the Open Three-Sector Economy

Vladimir Kolemajev

Applied Econometrics, 2008, vol. 11, issue 3, 15-42

Abstract: By using the Pontryagin maximum procedure the author has found an optimal dynamic rule for the distribution of labor, investment, and material resources between the sectors of the open three-sector economy according to the maximi-zation criterion of discounted marginal consumption

Keywords: three-sector economy; economic growth (search for similar items in EconPapers)
JEL-codes: C02 C61 O41 (search for similar items in EconPapers)
Date: 2008
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